Uranium stocks Articles

L-3 MAPPS awarded contract for Korean Candu simulator

Apr 13, 2016 / World Nuclear News

Canada's L-3 MAPPS is to supply a full-scope training simulator for the Wolsong 1 Candu pressurized heavy water reactor in South Korea under a contract signed with Korea Hydro & Nuclear Power (KHNP). It will mark L-3's first implementation of severe accident simulation for Candu plants.The four Candu units at the Wolsong plant (Image: KHNP)The simulator will use L-3's graphical simulation tools fo...Read More

Ukrainian reactors need two years to adjust to load-following

Apr 13, 2016 / World Nuclear News

Ukraine's Energoatom has said it would need at least two years and extra funds to introduce load-following at the 15 VVER units it operates. The Cabinet of Ministers requires the country's reactors to be adapted to load-following mode by the end of this year, according to its Action Plan for 2016.A load-following power plant adjusts its electricity output as demand fluctuates throughout the day.At...Read More

Turkey plans grid connection to serve Akkuyu project

Apr 12, 2016 / World Nuclear News

Turkey's Council of Ministers has ordered the acquisition of land enabling construction of a 380 kV transmission line for the planned Akkuyu nuclear power plant. The order is contained in three announcements published in the official state gazette on 10 April.How four AES-2006 units could appear at Akkuyu (Image: Rosatom)Accordingly, the state transmission grid operator TEA is authorised to demand...Read More

Atkins completes acquisition of US business

Apr 12, 2016 / World Nuclear News

Atkins has completed its acquisition of EnergySolutions' Projects, Products and Technology (PP&T) business, strengthening the UK-based engineering company's international multidisciplinary nuclear services capacity.The $318 million acquisition was announced in November 2015 and was completed today after receiving the necessary approvals from North American regulators.The PP&T business, with 650 em...Read More

Canada chooses to share IAEA security report

Apr 11, 2016 / World Nuclear News

The Canadian Nuclear Safety Commission (CNSC) has made available the International Atomic Energy Agency's final report on an International Physical Protection Advisory Service (IPPAS) mission to Canada last year. The mission concluded that Canada has a mature and well-established nuclear security regime.IPPAS missions are intended to help IAEA member states strengthen their national nuclear securi...Read More

Nuclear plays 'vital' role in UK economy, statistics show

Apr 11, 2016 / World Nuclear News

The UK's Nuclear Industry Association (NIA) has welcomed new official data from the Office for National Statistics (ONS) which it said shows the "vital contribution nuclear power generation makes to the economy". The statistics, released for the first time and part of the low-carbon and renewable energy data series, show nuclear generation and new build activities contributed 3.5 billion ($5.0 bi...Read More

IAEA advises on project risks to Ignalina decommissioning

Apr 11, 2016 / World Nuclear News

Lithuania should plan for potential project risks in the decommissioning of the Ignalina nuclear power plant, the International Atomic Energy Agency (IAEA) has said. Such planning should ensure that future costs and scheduling "remain realistic".An aerial photo of the Ignalina plant (Image: INPP)A five-day, IAEA-led expert mission to the plant reviewed project risks and uncertainties related to th...Read More

Russell Fryer: Higher Uranium Price Coming?

April 11, 2016 / Russell Fryer

Russell FryerApril 11, 2016 Category: Contributing ContentA lot of experts are forecasting higher uranium prices as seen by Bloomberg's sell-side forecast below. Erring to the side of prudence, we use the median (the middle) forecast because it is lower than the mean (the average).Spot uranium price today: $29/lb2016 median: $39.902017 median: $41.002018 median: $46.00 How Many Producing Or Near-T...Read More

British firms extend cooperation with China

Apr 07, 2016 / World Nuclear News

Amec Foster Wheeler has signed a memorandum of understanding (MOU) with China Nuclear Engineering and Construction Corporation (CNECC) on cooperation in nuclear energy. Meanwhile, Rolls-Royce has signed contracts with China National Nuclear Corporation (CNNC) covering technical training.Armand Kirk, strategic development director of Amec Foster Wheeler's clean energy business, signs the MOU with d...Read More

Contract for decommissioning Canadian Slowpoke

Apr 07, 2016 / World Nuclear News

SNC-Lavalin subsidiary Candu Energy has been awarded a contract by the University of Alberta to lead the decommissioning of its Safe Low Power Kritical Experiment (Slowpoke) research reactor.The University of Alberta's Slowpoke reactor (Image: CNSC)SNC-Lavalin said that under the "multimillion dollar" contract - awarded through a public procurement process - it will perform and manage the decommis...Read More

Robust economic assessment for Wheeler River

Apr 05, 2016 / World Nuclear News

Denison Mines Corp is to begin a pre-feasibility study at the Wheeler River project in Canada's Athabasca Basin after a newly published preliminary economic assessment (PEA) found "robust" economics for a proposed underground mining operation based on current uranium prices.The PEA considers the development of the Gryphon deposit followed by the Phoenix deposit, producing a total of 104.8 million...Read More

Leaders pledge to build on security summit series

Apr 04, 2016 / World Nuclear News

World leaders attending the last in the current series of Nuclear Security Summits on 1 April pledged to establish a high-level group to sustain and take forward work to build a strengthened and comprehensive global nuclear security architecture.Barack Obama bids farewell to President Xi Jinping of China at the conclusion of the Nuclear Security Summit (Image: The White House/Pete Souza)A joint st...Read More

Wisconsin lifts nuclear moratorium

Apr 04, 2016 / World Nuclear News

The state of Wisconsin has lifted a moratorium that had prevented it from considering applications to build new nuclear power plants. Governor Scott Walker signed Assembly Bill 384 into law at a ceremony held at the Wisconsin Energy Institute on 1 April, lifting the moratorium imposed in 1983. Governor Scott Walker signs the bill into law (Image: Matthew Wisniewski/Wisconsin Energy Institute)The m...Read More

KazAtomProm and ConverDyn join forces in UF6 supply

Apr 04, 2016 / World Nuclear News

KazAtomProm and ConverDyn have signed an agreement whereby the world's largest uranium producer and the "leading provider" of uranium hexafluoride (UF6) conversion services will jointly and immediately offer uranium in the form of natural UF6 to global utilities. UF6 is the natural uranium feedstock for the enrichment step in the nuclear fuel cycle.Critchley (left) and Zhumagaliyev sign the agreem...Read More

Hans Peter Zihlmann: Global Uranium Demand Set to Soar

April 4, 2016 / Palisade Radio

Palisade RadioApril 4, 2016 Category: Interview TranscriptsThere are not many options when it comes to investing in uranium stocks but Timeless Funds has built a vehicle that acts as a diversified portfolio of everything uranium.The future of uranium is looking very bright with 66 reactors under construction globally, particularly in China, India and the U.A.E. Saudi Arabia has signed agreements t...Read More

Australia agrees to supply uranium to Ukraine

Apr 01, 2016 / World Nuclear News

Julie Bishop, the Australian foreign minister, yesterday signed an agreement with Ukrainian energy and coal industry minister Volodymyr Demchyshyn that clears the way for Australia to export uranium to Ukraine.Bishop and Demchyshyn at the ceremony, witnessed by Poroshenko (Image: Ukrainian Energy and Coal Industry Ministry)The agreement was signed at the Ukrainian embassy in Washington DC during a...Read More

Mega Uranium Announces Results Of Annual And Special Shareholder Meeting

Mar 31, 2016 / Staff reporter

Toronto, Ontario (March 31, 2016) - Mega Uranium Ltd. (TSX: MGA) announces the results of its annual and special shareholder meeting held earlier today. Each of the nominees listed below was elected as a director by a majority of votes cast by ballot. The results of the shares voted by ballot in respect of the election of each director are:NomineeShares Voted ForShares WithheldAlbert Contardi34,...Read More

GoviEx Uranium and Denison Mines join forces in Africa

Mar 31, 2016 / World Nuclear News

GoviEx Uranium Inc and Denison Mines Corp have announced the execution of a definitive share purchase agreement to combine their respective African uranium mineral interests and create "the leading Africa-focused uranium development company".GoviEx will acquire Denison's wholly owned subsidiary Rockgate Capital Corp, which holds all of Denison's Africa-based uranium interests in exchange for about...Read More

CGN boosts cooperation with Czech firms

Mar 31, 2016 / World Nuclear News

China General Nuclear (CGN) announced today that it has signed memoranda of understanding with Czech engineering companies to cooperate in nuclear energy.CGN said that it signed a memorandum of understanding yesterday with the Czech Energy Alliance defining the scope of future cooperation in nuclear energy. The signing of the MOU was witnessed by Chinese president Xi Jinping and Czech president Mi...Read More

US and UK swap high-enriched uranium to support cancer treatment

Mar 31, 2016 / World Nuclear News

Some 700 kg of British high-enriched uranium (HEU) will be transported to America in return for a form of the fuel that can be used in research reactors that create isotopes for life-saving diagnosis and treatment.The move will be announced by UK prime minister David Cameron today at the Nuclear Security Summit in Washington DC.In return for the UK materials, the USA will send a quantity of its ow...Read More